Brooklyn FI LLC Purchases Shares of 26,307 Walmart Inc. (NYSE:WMT)

Brooklyn FI LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,307 shares of the retailer’s stock, valued at approximately $2,284,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter valued at $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter worth about $32,000. Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 2.2 %

Shares of NYSE WMT opened at $85.53 on Wednesday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $687.13 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 4.42 and a beta of 0.53. The business’s 50 day moving average price is $95.56 and its 200-day moving average price is $88.93.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $103.20.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.